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we have seen the obama administration tried to do that the last four years and we have seen ideas from the ronny administration. romney administration. host: how large a role this manufacturing plant in the u.s.? -- does manufacturing play in the u.s.? guest: a lot of people feel like it is is dying industry in america, but take a look at the numbers. the u.s. still the world's largest manufacturer. manufacturing comprises 11.7% of gross domestic product. manufacturing comprises 9% of total u.s. employment. and it is directly employing 10.9 million workers in the u.s. host: we are going to get into the numbers and look at how things like 9% total employment have changed at the last couple of decades. mr. morath, let me ask about the kinds of manufacturing done. surely that has changed the last couple of decades. guest: we have a fairly robust automotive industry, but there are a number of different areas where things have changed and could change further, such as increasing energy production -- oil, gas, refining. host: this chart is from the bureau of labor statistics, a sister agency
we have seen the obama administration tried to do that the last four years and we have seen ideas from the ronny administration. romney administration. host: how large a role this manufacturing plant in the u.s.? -- does manufacturing play in the u.s.? guest: a lot of people feel like it is is dying industry in america, but take a look at the numbers. the u.s. still the world's largest manufacturer. manufacturing comprises 11.7% of gross domestic product. manufacturing comprises 9% of total...
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. >> reporter: on social media, some conservatives accuse the obama administration of doctoring the jobs numbers. former general electric ceo jack welch wrote "unbelievable job numbers. the chicago guys will do anything. can't debate, so change the numbers." >> it's really ludicrous to hear that kind of statement. >> reporter: secretary of labor denies any political motivation saying the numbers are real. so, while romney launches tv ads promising to do better than president obama -- >> i have a detailed plan to create 12 million new jobs. >> reporter: obama is celebrating this report. >> this country has come too far to turn back now. >> reporter: a benchmark, he says, proves america is on the right track. economists say the number of new jobs being created is still not enough to significantly lower the unemploit rate. the next jobs report comes out just four days before the election. reporting live on capitol hill, i'm danielle lee, news 4. >>> health officials across the country are bracing for more cases of infection from that fungal meningitis outbreak. today the virginia department
. >> reporter: on social media, some conservatives accuse the obama administration of doctoring the jobs numbers. former general electric ceo jack welch wrote "unbelievable job numbers. the chicago guys will do anything. can't debate, so change the numbers." >> it's really ludicrous to hear that kind of statement. >> reporter: secretary of labor denies any political motivation saying the numbers are real. so, while romney launches tv ads promising to do better than...
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Oct 5, 2012
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jack welch suggested the obama administration manipulated the numbers. but on cnbc, labor secretary hilda solis called that claim "ludicrous" and defended the bureau of labor statistics. >> you know, i'm insulted when i hear that, because we have a very professional civil service organization where you have top, top economists that work at the b.l.s. >> brown: the employment numbers landed as the campaigns put up new ads attacking each other on jobs and taxes. >> president obama says he's creating jobs. but he's really creating debt. the facts are clear. obama's four deficits are the four largest in u.s. history. he's adding almost as much debt as all 43 previous presidents combined. and over 30 cents of every dollar obama spends is borrowed, much of it from countries like china. he's not just wasting money; he's borrowing it and then wasting it. we can't afford four more years. >> why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because, according to experts, he'd have to raise taxes on the middle class, or
jack welch suggested the obama administration manipulated the numbers. but on cnbc, labor secretary hilda solis called that claim "ludicrous" and defended the bureau of labor statistics. >> you know, i'm insulted when i hear that, because we have a very professional civil service organization where you have top, top economists that work at the b.l.s. >> brown: the employment numbers landed as the campaigns put up new ads attacking each other on jobs and taxes. >>...
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Oct 5, 2012
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and senators mccain, and johnson shot back, either the obama administration is misleading congress and the american people or it is blaming the entire failure on the intelligence community, unquote. bret. >> bret: continue to follow this, james, thank you. the syrian opposition says that rebels have captured an air defense base, new-- planes are pounding the central area of homes and said be to be the largest bombardments in months. and being extradited from britain to the u.s. al-masri's lawyers cited deteriorating mental and physical condition. the u.n. began talks on a broad trade embargo on iran. the islamic republic is reeling from western sanctions, amy kellogg shows us things are getting bad and worse. >> reporter: the iranian government can't afford to lose the support of these men, the conservative merchant class to played a big part in the 1979 islamic revolution, now turning on the regime. they're angry about the wild currency fluctuation, the iranian real left a third of its value against the dollar in a week and add to that a wave of unemployment and factories layoff they
and senators mccain, and johnson shot back, either the obama administration is misleading congress and the american people or it is blaming the entire failure on the intelligence community, unquote. bret. >> bret: continue to follow this, james, thank you. the syrian opposition says that rebels have captured an air defense base, new-- planes are pounding the central area of homes and said be to be the largest bombardments in months. and being extradited from britain to the u.s. al-masri's...
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Oct 5, 2012
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there is also a lot of speculation on line on social media this morning, that the obama administration could be fudging the numbers. we took that question right to the secretary of labor this morning. she tells us it's ludicrous to say the numbers could be manipulated. >>> secret service has new policies in place after one of the most embarrassing scandals in the history. it would ban excessive drinking and the share of work related information on sites including facebook. this comes five months after more than a dozen employees of the secret service were accused of drunken partying with prostitutes. >>> american activists are planning to stage a protest against u.s. drone strikes, member of the antiwar group code papping planning to hold a rally in islamabad. they are saying the drone attacks killed innocent people, there are conflicting reports about drone casualties. civilian deaths or injuries are rare but others disagree with that. >>> greece's prime minister says his country can only survive until the end of next month. right now officials from the european commission, internatio
there is also a lot of speculation on line on social media this morning, that the obama administration could be fudging the numbers. we took that question right to the secretary of labor this morning. she tells us it's ludicrous to say the numbers could be manipulated. >>> secret service has new policies in place after one of the most embarrassing scandals in the history. it would ban excessive drinking and the share of work related information on sites including facebook. this comes...
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this is a substantial change from what was happening in the last two years of the bush administration. it may not have happened as fast as obama wanted, but this is a base for solid growth, this is not a blip you have had a steady trend that indicates that things are getting much better. if you look at auto sales, you have got to feel better about these things. if we can just get this fiscal cliff nonsense out of the way. if the republicans in the house in particular could be wiped out and we could get some deals together we could eliminate a lot of uncertainty. >> i want to throw in one thing as people are looking at the numbers. one thing that you'll often hear after a good report usually from republicans is more people have stopped looking for work. and i see here 418,000 more people were looking for work in september than in august. so this is not due to people dropping out of the work force. >> jamal: great. and peter can you look at private sector growth and whether or not there was -- they cut public sector -- >> actually i have seen some quick numbers here. the private sector
this is a substantial change from what was happening in the last two years of the bush administration. it may not have happened as fast as obama wanted, but this is a base for solid growth, this is not a blip you have had a steady trend that indicates that things are getting much better. if you look at auto sales, you have got to feel better about these things. if we can just get this fiscal cliff nonsense out of the way. if the republicans in the house in particular could be wiped out and we...